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Home My WebLink About0192 • ' ' . :~rruunt tu ~~;iy +unc ~h~~rKrti ~vh~~n dur xh.~U iK• ~h?id bv :11urt~;:~~;ur tu A1urtK:~~;~•~~ un dc•nr.~uil. I(, hy n;~sun uf any drl:uilf bv :11oriKu~ur w?de~ uny prorision ol thiw h1urlKaK~, I1lorigag~~e dt~•lare4 all Rumti u~vnd hemby to duc~ aoc! ~h~y:iblr. ':11urtR:iK~~e may then upply a+ny funciY ~n x~id :~i•i•uunt a~:~inst the e•ntim indeLtivlm~+s sccunKl hi~rrhy. Thc~ enlun•i:thilit>• uf th~ ~~~~en:~nts ml:eti~R to t.iYCKS, uxae~.vment$ f~nd insur.~n~r premiuma hernin otherwise pmvidccl ,hull not 1r :II~M'~IYI PXCPpI inxc~(ar us th~~sse obliKutiona hu~•e ix~o met by complian~r with thiy ~u~r~+Kraph. 111ortgugee may imm time to timP ut its option wuive, und u(tP~ any such wi~i.~er reinsi:~te, uny ur ull pmvisionx hpr~t reyuirinK 4u~•h (IP~MSl13, I~V noti~~e tu ~1ur/KuKor in writing. WhiiN any such wc+i~~er is in efle~•t, 1lfort~uKur shall pay taxeec, us.~u~~.tim~•nls :+nd in~urani•e ~,remiums :es hett~in elsewhere pm~~idc~cl. 4. '1'0 ~~tompily puy ali tuxes .~nd :~s.~u..wnents .~c,~:v.sl or levirci under and by virtue of any ,t:~te, 1~•derul, or mw~ii•ip:?1 I:~w or re~ulation hen~utte~ ~w~ed, uKainst 1~toriKf~g~~e u~wn thiti MoriKuge or the debt hereby ~•un~, or u~x~n its int~reat undrr this A1orIg.~Ke, pt~o~•ided huN•e~~er, thul the totai amuunt ::o ~iaid (or .~ny Ke~ch t:,xes puraua,nt t~ this ~x~ragr.y~h toR~'th• rr with the interest {u~y.~b~e un suid endebteclnr~:s shul) not exc~~ad the hiRhest I.IM•IUI i:~te o~ Ihle~rst in Florid.? and provid~~ci furiher thut in the event o( the p.+ss~~ge o( any sui•h law or n•gulafion im~wsinQ ~FIY or a~.u~sament againsl 1~'Iort~~~~;ee up- un ihis A1ortKuKe or the deht ~•ured hrrel~y, th:it the entirN indel~teclnr+c sr~•urc~ci hy thi. Murt~;:~Ke shall ihE•re•u~,un ?x~ ~ynne immc~liately due :?nd ~~:ryable nt the option of MortR:+~ee. 5. 1'o keep the I~1ort~aged Pro~~erly inaured uRainst loss or d.~muKe by fire. :ind aiq (~rils insun~i ag:unst by un ex- tencied ~~~•era~e endorsemNnt,~ :~od su~•h other risks :ind ~x rils :is A'lorigagce in its disrretion may myuire. , 7'he ~~lii•y or E~olicies ot sui•h insur.~nce shall he in the form in ~enc•ral uxe from time tu time in the 1«~ality in which the '~fortK~~R~~ci Yro{~erty is ~ituated, shnU be in such amount :+s A1orlKagrc• may reuson.~bly reyuire, sh.iU i~e issu~~ct by ~~ompany or com}k~nic~ appro~~ed by 1~lortgag~~e, and shaU contain a st:~ndarcl murtR:+gc~: cl~u+e with la~.c p:~ys~ble to MortK.~grt. N'hen- eve~ requin~ by l~tortgc~gee, such ~~olicies, shall be deli~•emcl imn~ediutely to and held by 141ortR•~R~`r• Any and all amounts ret•eived by 111origagee under ~ny of ~uch polii•ies may he applied by Nlortgager on the indebtE~clnesc ~•urEYl herehy in such m.~nner us ~lortgagee muy, in its ~?le discretion, elee•t or, at the option u( RiortQaKer, the entire .iR10Uhl so received or :~ny {wH thereo( awy i~e mleasecl. Neither ihe applic.~tion nor the retease of any su~•h ~imounts shall ~•um or waive any detault. U~wn exrrcise o! the ~wt~~er of s.ile Ri~~~•n in thi~ MortgaRe or other ai~quisitiun o( the 1~1ortRaged Ym~~ert~• or :~ny {~:+rt lhem- o( hy 1lortga~ee, such {wlicies sh.~l) t~•ome the alr.u~lute pn~{~erty of ?~tortR.~~;ee. Tn firct .,ht:~in thP written consent ot AioriKaKc~e, wch i•unu~nt to tM Krantc~cl or withheld :~t the sule discrt~ti~~n of !Uortgagee. 1?efarn 1:~1 mmo~•inR or demulishinK :iny huiiding now un c~•r.•:~tt~r erectE~t1 uti ii~r ~,erl~ei,c•~, :.'•:re^;, !he~ arr.?nRement, desiRn or structura) ~harncter themof, (c) makinR any re~x~irs whirh im~ol~•e the remo~~al of structural parts or the ex~x~sure of the interior ot such buildinR to Ihe elements, Id1 cuttinR or n~mo~•inR or E~ermittinR the ~•uttinK and re- ~no~•:il of any tnes or timher on the I~4art~.i(;ed Pm~x~rty, It~) remm•inR or exrhanRinR any tanRible ~~er~onal pro~~erty K~hich is part uf the ~tortgaReel Yrol~erty, ur (t) enterinK into or mocii(y~n~ any lea>x~ of the~ htortkaRc~cl Yro~u~rt~•. 7. 'I'o maintain the 1ltottR:~Reci Pro~~erty in gcKxl condition and re~kiir, inc•ludinR bu1 not limil~vt to fhe makin~ of suc•h r~pnirs as MortRaKee m:~y from time to time determine to fx• n~~.v~+v~ry fo~~ thr i~rc~n:ition o/ !h~ 1~1nrfQ:?ec~l Pmlxvty and to nof ~~ommit or {?ermit any w•aste thercv?f. S. '!b i•omp~y K~ith all L?ws, ordin:~n~•e,, re•Kul.itiur~s. ~-ovenants. ~•onditiun+ and re~stri~~tiuns affe•ctinK the \1urt~ag~~l !'m~?c~rly, :~nd no! to suffer or ~~rmit any ~~iolation thrmof. 4 \]orlK.+gur fnils to p:~y an}• cluim, lu~n or encumbr;?nce ~+•hii•h i~ ~up~•riur t<~ this l~lortK:~Ke, or when due, :~ny t.ix ur as.+~:Ument or irisuram•~• pn•mium, or to kt~p the 1~iortKagc~ Pro~x~rty in rep.?ir, or ~h.ill cumm~t or ~~rmit Kaste, or i! there IK• commenced :iny action or proe•crcli~g u(fectin~ the 114ortgaKed Pro~~rty or the title themfo, or the interest o( ~torlgaRee therein, ini~ludinK, but not limttc~[1 to, eminent dum.iin and t~:~nkruptc~• or reorgunizition {iroceedings, then ~tortR:~~ec•, at its uption_ may pay s:~id claim, lien, encumbrance, t.ix, assewsment or premium, w~ith right o( subrug;dion thereunder, may mak~ su~•h repairs and t.+ke su~~h steE~ as it deen~.s ad~i~:~ble to pre~~ent or i-ure such N•aste~, and may :~p~?rar in :~ny such actiun or prixeedinR .~nd rntain cour~~el therein. .~nd take such artion therein as MortRagee d~ems :~d- ~~is;ible, and for an}• of such purEwses hlortga~ee may ad~':~nce such sums ot money, includinR all costs, reasonable .~ttorney's fees :ind other items of ex~~ense as it deems nc~•ess:iry_ Mort~agee shaU t?e the sole judge of the legality, validity and priorit>• uf an~~ such cl:~im, lien, rncumhranre, t:~x, assetismeM and premium and of the :~mount nec•ess:iry to be ~k~id in c~3tisfu~~tion thrreof. ~4ortg,~Kee shall not i?e held accountal~le for any delay in makinR any such payment, whii•h del:iy may rr5ult in .~nt• :idditional interc-st, ~•osts, charKes, s•x~~enses or utherwise. 10. ~tortKa~or ~~ill pay to 11ortQaKer. immi~diately :~nd withoW drtnand, all sums o( munt•y ad~:an~•ed by 1~tortRa~tK• to t~rotc~•t the sei•urity herc~( pursuant lu this ~lortgage, includiog ~II ~•ost~. reus<~n:~ble attornry's ~PPS :~nd other itetr~~ of esEx•nst, torether w•ith interest on ea~•h ~uch .id~•an~•ement at the highest I:~w(ul rate of inter~~st ~?~r annum in the St:~te ot Florida, and :ill so~•h sumc :~nd interest therenn shall be se~•un•cl hereb}•. I1_ All sums of monep s~~~•un•d herf~hy sh:~ll IK~ pa~~.ihle without :?n~• rf~li~~f wh:~te~•f~r from :~ny ~aluatioo or :ippr.~~v- nx•nt IaNS. 1'l. If det.~ult IK made in paymrnf of :~ny instaimc•nt uf prim•ipal or iotrrest of the lote or :iny p.+rt thereof µhen due, ur in p:~yment. Khen due, or a~~y ather sum •e~vred hert~h~•, or in ~x~rturn~ance o( any of D1ort~agor's obliRations, co~~en- :ints or ~iKreemenfs hereunder..~ll of the'indc•bteclness se~•ured hereby shall I~ecome and tx• immedi:itely due and payable at the~ option ot MortRaRee, wilhout noti~•e or demand whi~•h are herehy exprecsty .cai~~ed, in arhirh event MoNKa~ee may a~ail itselt ot all riRhfs and re~meriirs, at law or in t~quity. :md this ~tort~.~~e m.iy ix~ fc~recluseci with all riRhts and remedies aftorded h~• th.• h~.vR o( Florida and 1lfort~aR~r sh:~ll p:~y all c•usts, charKes :~nd e•x~~enses thereof, incli~ding a reasonable altorney's tee. in~•IudinQ all tiuch ~~utitK, ex{x~nu~ and :ittorney's (ee~ for :+ny rntnal, r~ne~.+ring or a~,~,r..~s. T::~ :.^.~chlcdnc~a at'!•~!~w~ hPrPbr sh:~ll bear intett•st at the hi~hest law•(ul rate of interest ~~er anni~m in the State of Ftorida from and ~her the date of :~ny ~uch de(ault of AtortRaRor. If the ~tote pm~~idc~s for instal~nent payments, the ;~1ortRaKee may. :~t ~ts option, ~•ollert late ~•h:~rKe not to t•x~•eed two rents for ea~•h one dollar not p:~id to fhe '~tortRagee w•hFn due, to n~imhurse thc~ T1ortQa~;E~ (or ex~x•nses in collectinR and ~r~~icinR such instalmrnt paymentc 13. I( de(:~ult tx• made in payment, w~hc•n due, ot an~ indehtednc~s f:eKVred hPrehy, or in {ierforman~•c• of :iny ~1ort~aKor s~~bliRationc, co~~enants or a~reement herwunder. Ia) MortQaKee ?s auihorized :it any time, w•ithout noiice, in its sole diu~retion to enter o{wn and take ~~~u:~~iun ~i( thr ~lortgaRc~l Yro{~erty or :~ny~ p:~rt tht•rc~ot, to ~x~r(orm :iny acts ~tortgaRcr deems nec•es.c~ry or )>m~n~r to ~~onsen~e the~ security and to cnlle~•t and re~ri~~r all rents, +c5uc~s and profits ther~of, including th~ past due as K~ell :~s those ace•ruinR therea(ter. and ~ ~b? 11'IortRaRee shal! be Pntitlecl, a~ a matter o( ytri~•t right, without notice :md exparte, and without reqard to the ~~alue or ex~cupancy of the sec•urety, nr the u~l~en~•~~o( 1lortgagor. or the adrquacy of the I~tortgaRed Pro~~erty as sec•urity for the l~iote, to have a rec•ei~er appointed to enter u~w~ :+nd fake ~~ossession of the A'lort~aged Pmperty, collect th~ rents and pmtits therefmm :~nd apply the w-~me as thF~ ~~ourt m:i~ rlir~~•t, su~~h re~ceiver to h:i~•c :~Il the riRhts and ~~ow~ers ~x~rmitted ur~der the laws of Florida. In either such c.LSe. MortRagcr or the receiver may also take ~wssrssiun of, and for these pur~~oses use, any and all ~~ers~~nal ~~roE~erty whi~•h is ~~~art of the :~1orf~aRe~l Pro{~erty and used by A1ort~aRor in the rentat or leasing thereof or any paH thereof. The ex~~ense (including recei~•er's fees. ~~x~nsPl fees, costs and ageni's compensation) incuned pursuant to the ~wr_r~+ herein contsiined shatl be aecured hernbv. ~tort~a~ee shall (s~tter payment of aU costa and ezpenses incurrPCi? -2- 5~k~ 2~6 i32